AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0340%/8h= −37.3% APRnext payment −$0.43 per $10,000 · paid last 24h −0.089%

Price spread now: Lighter against GMX+0.273%7-day average −0.079% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.339%−$34 on $10k

Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.273%, 7d avg −0.079%

Together, before fees−0.538%+ Points / potential airdropLighter: Season 3 · farm board−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.351% dearer against GMX than usual: you sell high and buy low (spread +0.273% now, against its 7-day average of −0.079%): +$35 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVAX/USD [AVAX-USDC]	10.981	L +0.0436% / S −0.0295%	pay 0.0055% / 1h	13m 33s	$233K	—	120x
Short	Lighter AVAX	11.011	0.0096	get 0.0012% / 1h	13m 33s	$1.2M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee LighterbpOrdersPrice spread, now +0.273%Rate

Funding earned: −$71.49
Price spread: +0.273% → −0.079%: $35.15
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$48.35
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GMX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	2.27 bp	3.2 bp −$3	17.2 bp −$172	90.5 bp −$9,050	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AVAX on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	−0.1423%	1h	10.990	+0.084%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.984	+0.030%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0013%	1h	10.978	−0.021%	$286K	$371K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.016	+0.322%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.981	+0.003%	$12K	—	150x	as long as short
Lighter AVAXshort	+0.0096%	1h	11.011	+0.273%	$1.2M	$2.9M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.010	+0.266%	$15K	$550K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.013	+0.297%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.003	+0.207%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.016	+0.320%	$287K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.013	+0.298%	$116.0M	$430.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.008	+0.248%	$85.2M	$139.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.013	+0.294%	$20.2M	$115.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.013	+0.294%	$12.1M	$34.5M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.014	+0.303%	$46.3M	$78.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.017	+0.330%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.012	+0.285%	$33.0M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.011	+0.275%	—	$78.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.988	+0.066%	$330K	$525K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.963	−0.165%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.041	+0.547%	$352K	$874K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.040	+0.540%	$178K	$671K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.980	−0.007%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.990	+0.084%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.010	+0.266%	$12K	$715K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.986	+0.048%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.986	+0.043%	$366K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.987	+0.057%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.006	+0.234%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.979	−0.015%	$252K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	10.986	+0.052%	$4.2M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.991	+0.093%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.994	+0.121%	$890K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.975	−0.055%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0436% / S −0.0295%	1h	10.981	long leg	$233K	—	120x
Hyperliquid AVAX	+0.0512%	1h	11.030	+0.448%	$42.8M	$42.1M	10x	as long as short